Archive for May, 2008

“Foreclosed Apartment Houses… Are These On Your ‘To-Do’ List…?”

Wednesday, May 28th, 2008

Looks like the “Next Wave” for real estate investors is starting to take shape…
According to Tierney Plumb with the Baltimore Business Journal, most renters don’t plan to buy homes in next year…
Here’s the scoop:
More than half of current renters won’t buy their homes in the next year, according to a survey released by the National [...]

U.S. home price index posts largest drop in 17-year history

Monday, May 26th, 2008

WASHINGTON — A home-price index considered to be the most comprehensive reading of the United States market posted the sharpest quarterly decline in its 17-year history, and analysts say housing has yet to bottom out.
Rapidly falling home prices in California, Florida and Nevada skewed the national results.
The U.S. Office of Federal Housing Enterprise Oversight said [...]

“…And the LEADERSHIP Award Goes to…”

Wednesday, May 21st, 2008

Despite efforts by the Bush Administration over the past Seven Years To Shut Down, (and when that failed to GUT) this agency, Fannie Mae gets kudos for its efforts to get the US Housing Market out of its current Depression.
The following is from today’s Originator Times…
Fannie Mae Announces Single National Down Payment Policy
Monday, May 19, [...]

“George Bush’s America…”

Tuesday, May 20th, 2008

While the Bush Administration continues to justify its bail out of Bear Stearns, it refuses to work with the Bi-partisan efforts in the US Congress to bring about a sensible solution to the Mortgage Meltdown problem in the United States.
According to Bush, “the Federal Goverment has no business bailing out speculators, and those who, sadly, [...]

“Foreclosures Spike 42% in Maryland…!”

Wednesday, May 14th, 2008

Foreclosures in Maryland soared 42% last month.
Foreclosures in Maryland jumped 42 percent in April from the month before to 6,052. Virginia foreclosures increased 6 percent to 5,227, and in D.C. foreclosures dropped 8 percent to 283.
That compares to a national increase of 4 percent, according to Irvine, Calif.-based RealtyTrac Inc.
Of the three jurisdictions, Maryland [...]

“I’ve Told Them to STOP ALL Investing In Maryland, For Now…”

Tuesday, May 13th, 2008

This was just ONE of the “BOMB-SHELLS” that Bruce Norton dropped while recording the Realinvestors’ Talk Radio Show two weeks ago.
Yes, he really has sent an email to everyone on his list of clients, customers and investors to tell them to STOP ALL ACTIVITIES regarding home owners in foreclosure in the state of Maryland.  .
.. [...]

U.S. House of Representatives Passes Its Response To The Mortgage Crisis.

Monday, May 12th, 2008

WASHINGTON, D.C. – The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) responds directly to the current crisis facing middle class Americans while providing the tools to prevent a repeat of these problems.  The legislation combines a number of bipartisan bills including measures to modernize the FHA and reform the GSEs, which will provide [...]